Vanguard FTSE Emerging Markets Index Fund ETF Shares

10-Year Study

VWO.US · · US · ETF

Executive Summary: Vanguard FTSE Emerging Markets Index Fund ETF Shares has compounded at 8.8% annually over the last 10 years, with a maximum drawdown of 31.9% and an annualized volatility of 14.4%.

1Y CAGR
+30.1%
3Y CAGR
+18.5%
5Y CAGR
+4.9%
10Y CAGR
+8.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
31.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.33
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.50
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
15.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +31.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -18.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20265.02.9-7.07.7————————8.3%
20250.80.71.3-0.03.95.50.73.55.71.5-1.21.025.6%
2024-3.63.51.91.02.22.01.21.07.3-2.7-2.1-1.010.6%
20238.3-6.72.6-0.4-3.04.85.9-5.9-2.5-3.27.13.39.3%
20220.4-3.7-3.3-5.80.5-3.9-0.8-0.5-10.1-2.814.3-2.2-18.0%
20213.11.6-0.71.81.71.3-5.92.2-3.41.3-2.91.51.3%
2020-5.5-3.5-17.07.83.36.58.62.7-1.21.38.66.015.2%
20199.7-0.42.32.1-6.45.4-1.8-3.30.93.90.57.120.8%
20188.6-5.4-0.2-2.8-2.3-4.84.0-4.2-1.3-7.74.8-3.3-14.8%
20175.82.22.81.61.00.95.33.0-0.52.4-0.33.731.5%
2016———1.0-3.24.95.10.82.00.3-4.1-0.75.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 14.4%. The dominant macroeconomic risk driver is VWO.US, accounting for 100.0% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110101.202505671832
2016-05-019774.443076494228
2016-06-0110255.677638659821
2016-07-0110782.596575994796
2016-08-0110866.996523341619
2016-09-0111086.591248732066
2016-10-0111121.977281702246
2016-11-0110671.17315926812
2016-12-0110592.425685459206
2017-01-0111202.27337839826
2017-02-0111453.885881979451
2017-03-0111779.754852996974
2017-04-0111963.61510526764
2017-05-0112082.239618419322
2017-06-0112184.99074697825
2017-07-0112835.567221847972
2017-08-0113220.554871580447
2017-09-0113155.086839028394
2017-10-0113475.1484742193
2017-11-0113429.851254771695
2017-12-0113927.462503968343
2018-01-0115119.708549172648
2018-02-0114309.701348076225
2018-03-0114279.774210783064
2018-04-0113884.643081140095
2018-05-0113559.432274849592
2018-06-0112909.978551573015
2018-07-0113423.927772228546
2018-08-0112861.042068340726
2018-09-0112687.983460707566
2018-10-0111716.261314625968
2018-11-0112282.553988865402
2018-12-0111871.704336918396
2019-01-0113018.382153669849
2019-02-0112968.516496705304
2019-03-0113268.717043369184
2019-04-0113552.850627579424
2019-05-0112688.022176279743
2019-06-0113369.609824463596
2019-07-0113127.560067210234
2019-08-0112700.024003654751
2019-09-0112815.706133320946
2019-10-0113321.834808396634
2019-11-0113388.696601547073
2019-12-0114335.137478996803
2020-01-0113542.126414086273
2020-02-0113061.82102565294
2020-03-0110835.211038583939
2020-04-0111681.339868521916
2020-05-0112065.669353527375
2020-06-0112847.181893501205
2020-07-0113949.956251403439
2020-08-0114332.659682377447
2020-09-0114161.265844347914
2020-10-0114347.952333387535
2020-11-0115576.087714000327
2020-12-0116510.565479647223
2021-01-0117027.844239510017
2021-02-0117294.749394101298
2021-03-0117171.8661680101
2021-04-0117478.68707751632
2021-05-0117775.635516117294
2021-06-0118011.452066250087
2021-07-0116950.219517294245
2021-08-0117321.656716764617
2021-09-0116739.29708007155
2021-10-0116956.878595708768
2021-11-0116464.84238890567
2021-12-0116718.429386667907
2022-01-0116789.395030469157
2022-02-0116164.061108659125
2022-03-0115637.877767195523
2022-04-0114725.97118012807
2022-05-0114793.800862582948
2022-06-0114223.288190976176
2022-07-0114110.625875939819
2022-08-0114045.738576970429
2022-09-0112629.600377863982
2022-10-0112269.661703330314
2022-11-0114024.445012272838
2022-12-0113711.77805136782
2023-01-0114855.010182195483
2023-02-0113866.56290893323
2023-03-0114221.584705800367
2023-04-0114165.253548282191
2023-05-0113746.351057322277
2023-06-0114399.90863124966
2023-07-0115245.960030043285
2023-08-0114346.82958179439
2023-09-0113992.77567423169
2023-10-0113539.57118632256
2023-11-0114499.523798462216
2023-12-0114982.849001525396
2024-01-0114450.587315229932
2024-02-0114953.657460103605
2024-03-0115241.314161381993
2024-04-0115387.271868490943
2024-05-0115719.29661548468
2024-06-0116028.982477332032
2024-07-0116223.141071801898
2024-08-0116380.636019419731
2024-09-0117578.960409455893
2024-10-0117108.72106978869
2024-11-0116741.34900539695
2024-12-0116569.877736223065
2025-01-0116705.304807699755
2025-02-0116829.465647672805
2025-03-0117046.195420722124
2025-04-0117042.44001022091
2025-05-0117701.533910969672
2025-06-0118682.663941090384
2025-07-0118811.083494002956
2025-08-0119464.563636785988
2025-09-0120571.674138772098
2025-10-0120871.642392002912
2025-11-0120617.24236722495
2025-12-0120813.491602592396
2026-01-0121862.68360860105
2026-02-0122493.747435093344
2026-03-0120925.766761906973
2026-04-0122536.334564488527
Annual Return Matrix
YearAnnual Return
20170.3148510943142442
2018-0.14760464560318887
20190.2075045900880188
20200.15175494506681653
20210.012589750925061649
2022-0.17984053799322408
20230.09269920687133482
20240.10592302802598463
20250.25610411458211635
20260.08277529761904767
Total Factor Risk
0.14376026773349845
VTI.US Exposure
-3.866270331559127e-16
VEA.US Exposure
6.010516544177713e-16
VWO.US Exposure
0.9999995161371774
QQQ.US Exposure
-1.425765967331951e-16
VTV.US Exposure
6.497565550867269e-17
IJR.US Exposure
6.465425454672883e-16
QUAL.US Exposure
-1.782854223028171e-16
SHV.US Exposure
1.1905930709905689e-17
TLT.US Exposure
2.397094670139113e-16
LQD.US Exposure
-1.3391515252769792e-16
HYG.US Exposure
2.6210351894798714e-17
GLD.US Exposure
6.083412748635042e-17
USO.US Exposure
-1.142846027227939e-16
VNQ.US Exposure
-2.9772271985814115e-16
BTC-USD.CC Exposure
5.084885393096366e-17
CPER.US Exposure
-8.174135931053882e-17
VIX.INDX Exposure
-1.1522165835192365e-16
UUP.US Exposure
5.850170824006656e-17
TIP.US Exposure
3.175732097711949e-18
Idiosyncratic Exposure
4.838628221733791e-7
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
14.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+4.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+9.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.79
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Vanguard FTSE Emerging Markets Index Fund ETF Shares a high-risk investment?

Vanguard FTSE Emerging Markets Index Fund ETF Shares (VWO.US) has an annualized volatility of 14.4% and experienced a maximum drawdown of 31.9% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of VWO.US?

Over the past 10 years, VWO.US has generated a Compound Annual Growth Rate (CAGR) of 8.8%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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